I'm not sure whether we still do have a sell-on clause as we did a deal with Spurs to get the money quicker, ie not in installments. Whether that included foregoing the sell-on clause I dont know
[cite]Posted By: roseandcrown[/cite]In all seriousness I Bent is going to me be moving on this summer, do we have a sell on clause?
I believe so but the sell on has to be greater than what Spurs paid us. So in effect no?
Is that a normal clause for sell on deals?
yes, because you get an agreed percentage of the profit, not the fee itself. So if Spurs sold him for 20m, a 4m profit (roughly) we get xx% of that. If 20% that'll be 800k.
I seem to recall a lot of discussion on here about the club selling on the debt to a third party in order to collect the majority of the fee at the time of sale. Can't remember the details, if any were even provided...
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I believe so but the sell on has to be greater than what Spurs paid us. So in effect no?
Is that a normal clause for sell on deals?
I'm not sure whether we still do have a sell-on clause as we did a deal with Spurs to get the money quicker, ie not in installments. Whether that included foregoing the sell-on clause I dont know
yes, because you get an agreed percentage of the profit, not the fee itself. So if Spurs sold him for 20m, a 4m profit (roughly) we get xx% of that. If 20% that'll be 800k.
Sometimes. I'm sure it was the case with Bowyer when he looked to be moving from Leeds. A percentage of the profit, not the entire fee.